India's curbs on B'desh to impact $770 mn worth of imports

India has imposed new port restrictions on Bangladeshi imports, restricting goods worth over $770 million annually. This amounts to about 42% of India’s total imports from Bangladesh. According to data from the Observatory of Economic Complexity (OEC), India exported goods worth $11.3 billion to Bangladesh in 2023. In the same year, India imported goods worth $1.89 billion from Bangladesh. According to Global Trade Research Initiative (GTRI), readymade garments are the most affected item. Imports of readymade garments, valued at $618 million, now face strict routing through only two Indian seaports—Nhava Sheva and Kolkata. All land routes for garment imports have been shut. This cut-off may severely limit Bangladesh’s most valuable export channel to India. India’s port restrictions are widely being viewed as a response to Bangladesh’s recent curbs on Indian yarn, rice and other goods, as per a report.

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